Tag: insurance

Florida’s Sinkhole Crisis Continues to Gain National Attention; Is Florida Doing Everything Necessary to Protect Residents?

Larry Bache – March 7, 2013 It is has been exactly one week since the tragic sinkhole event that took a man’s life on February 28, 2013. The national spotlight again shines on Florida’s sinkhole crisis. I want to first send my condolences to the victim’s family. I hope his family finds peace and much… Continue reading Florida’s Sinkhole Crisis Continues to Gain National Attention; Is Florida Doing Everything Necessary to Protect Residents?

Damages Issues in New Jersey – Is Diminution of Value Available to New Jersey Property Owners?

Robert Trautman – February 26, 2013 A reader asked whether New Jersey permits diminution in value claims for real property. The question was prompted by a recent Georgia Supreme Court opinion 1 recognizing such claims. Essentially, diminution in value claims allow property owners to recover benefits exceeding the actual costs of repair if a property’s value… Continue reading Damages Issues in New Jersey – Is Diminution of Value Available to New Jersey Property Owners?

Maximize Your Insurance Recovery for Business Income Losses Related to Hurricane Sandy

Michelle Claverol – February 3, 2013 Many New York business owners have been denied insurance recovery based on causation issues (i.e., property damages and business income losses were caused by flood which is excluded under most policies). However, many insurance policies provide a measure of coverage and recovery through Civil Authority and Ingress/Egress provisions, which… Continue reading Maximize Your Insurance Recovery for Business Income Losses Related to Hurricane Sandy

New Jersey Insurance—A Clear One Page Summary Helps Policyholders

Kenneth Kan – January 19, 2013 This past week, a New Jersey Assembly committee approved Bill No. 3642, which will require homeowners insurance companies to issue to policyholders consumer information brochures that contain a one-page summary of the homeowners policy.1 Under current New Jersey law, insurers must provide to the policyholder, at the time the… Continue reading New Jersey Insurance—A Clear One Page Summary Helps Policyholders